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Credit Limit Procedures - Application of offsets in the Prudential Margin calculation

03/05/2017
Market National Electricity Market
StageFinal Report
ConvenorAEMO NEM
Initiated30/06/2017
Accepting submissions?No

FINAL REPORT AND DETERMINATION – CREDIT LIMIT PROCEDURES: APPLICATION OF OFFSETS IN THE PRUDENTIAL MARGIN CALCULATION

Final Report and Determination
Background

The publication of this Final Report and Determination (Final Report) concludes the Rules consultation process conducted by AEMO to consider proposed amendments to Credit Limit Procedures: Application of offsets in the Prudential Margin (PM) calculation under the National Electricity Rules (NER). Version 3.0 of the Credit Limit  Procedures (CLP) is effective from 1 July 2017. AEMO will commence operation of the PM offsets facility under the revised CLP for the 2018 summer season (effective from 30 November 2017).

The new PM Offsets submission web interface is expected to be made available to participants in the Electricity Market Management System (EMMS) in early August 2017.

The updated Credit Limit Procedure is published here.
The updated Reallocation Timetable is published here.

All queries should be sent to Prudentials@aemo.com.au.

Documents related to this consultation

Consultation stages

Date

Status

Notice of first stage consultation and Issues Paper published

23 Feb 2017

Complete

First stage submissions closed

31 Mar 2017

Complete

Draft Report & Notice of second stage consultation published

3 May 2017

Complete

Submissions due on Draft Report

19 May 2017

Complete

Final Report published

30 Jun 2017

Complete

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